Graham Duce

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From Fund Selection 01 December 2007

By PWM Editor

“The market continued to gain upward momentum in early October as investors started to ignore the subprime issues and focused on improving company earnings and resilient US growth. However, near the end of the period the subprime issues returned to the forefront of investor’s minds as several high-profile banks reported weaker-than-expected earnings. We continue to favour equities, but hold a bias to more active managers who are able to take advantage of the current market volatility.”

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Graham Duce

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